312
312
Jan 1, 2013
01/13
by
WETA
tv
eye 312
favorite 0
quote 0
. >> now if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that's gos to be the formula for how we solve this thing, then they've got another thing coming. that's not how it going to work. >> reporter: for his part senator mcconnell said that issue should not tan in the way of a tax deal. >> let's be clear, we'll continue to work on finding smarter ways to cut spending. but let's not let that hold up protecting americans from the tax hike that will take place in about ten hours. >> reporter: but other senate republicans brideeled at doing any deal now without substantial spending reductions. >> i just want to say i'm very disappointed with what the president had to say. i'm one senator. i just want to go on record, that is it's absolutely unacceptable to pay for this sequester with revenue. >> reporter: meantime there was growing grumbling in senate democratic ranks that vice president biden had given too much ground. >> as i see this thing developing, quite frankly, as i've said before, no deal is better than a bad deal. and t
. >> now if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that's gos to be the formula for how we solve this thing, then they've got another thing coming. that's not how it going to work. >> reporter: for his part senator mcconnell said that issue should not tan in the way of a tax deal. >> let's be clear, we'll continue to work on finding smarter ways to cut spending. but let's not let that hold up protecting...
251
251
Jan 1, 2013
01/13
by
CNBC
tv
eye 251
favorite 0
quote 0
republicans don't care about deficit reduction. if they had they would have allowed it to take place and reduced the deficit. >> i am always interested in what he has to say. it is interesting, this vote asked, what do conservatives and republicans believe in the house and what do republicans believe? as i have said to you from day one, democrats want the fiscal cliff. howard dean said on your program, it is the best deal that they are going to get. the republicans would never go along with and they are going to get tax raises on rich people. and when we go off the physical cliff congress goes back into session. republicans are blamed for the bad economy and roger is right. the three programs, social security and medicare and medicaid have been untouched. roger, the reason i give this one cheer out of three cheers, i think he is right. the democrats are salivating to demonize and this deal is the best they are going to get. >> in this one, some people say, that the real hidden agenda is to break the pledge on tax cuts and break the
republicans don't care about deficit reduction. if they had they would have allowed it to take place and reduced the deficit. >> i am always interested in what he has to say. it is interesting, this vote asked, what do conservatives and republicans believe in the house and what do republicans believe? as i have said to you from day one, democrats want the fiscal cliff. howard dean said on your program, it is the best deal that they are going to get. the republicans would never go along...
192
192
tv
eye 192
favorite 0
quote 1
the deficit, like how much debt or adding. over a trillion. just when you're. federal government runnng a a tab of a rillion. we talk about this number of the me. let's get this zero's again. a very big number. tough to get your arms around these numbers. when you see it on a piece of paper it's easier. i thought it would be even easier ifwe thought about one american household. what if each of those numbers translate it into one family. if you ran the household like the federal government here is what you would be looking at. your family income, 24400. your spending, 305,400. look at this. what's going on? you can't do this. if you were spending 35,000 only had 24,000 coming in, that's a nightmare. the new debt would be 10,900. it's a nightmare. so let's talk about your total credit card debt. if you were on par with the federal government your total debt would be $163,000. you're not even earning 25,000. you would be in huge trouble. you would be insolvent. i would call you a deadbeat. of course you're too smart to do something this stupid. capitol hill is no
the deficit, like how much debt or adding. over a trillion. just when you're. federal government runnng a a tab of a rillion. we talk about this number of the me. let's get this zero's again. a very big number. tough to get your arms around these numbers. when you see it on a piece of paper it's easier. i thought it would be even easier ifwe thought about one american household. what if each of those numbers translate it into one family. if you ran the household like the federal government here...
202
202
Dec 30, 2012
12/12
by
MSNBCW
tv
eye 202
favorite 0
quote 0
who should pick up the burden for deficit reduction? working people who have seen their wages go down or the top 2% who have done phenomenally well, while their effective tax rate, as mitt romney reminded us by not releasing his tax returns, is extremely low. so to my mind, what this deficit reduction debate is about is asking the wealthiest people, the large corporations to help us with deficit reduction and give a break for a change to the middle class and working families. >> as you say, one that would mean less money for seniors with the social security adjustment is off the table, are you more optimistic about getting a deal done. >> we still have a long way to go. >> what do you see as the major sticking point? >> one of the sticking pointing, what the republicans want to do is continue the 2010 agreement on lower estate tax rates, which means, chris, $120 billion tax break over a ten-year period for the top 0.2 of 1%. they get $120 billion tax break. and people come forward and say we're very serious about deficit reduction. thir
who should pick up the burden for deficit reduction? working people who have seen their wages go down or the top 2% who have done phenomenally well, while their effective tax rate, as mitt romney reminded us by not releasing his tax returns, is extremely low. so to my mind, what this deficit reduction debate is about is asking the wealthiest people, the large corporations to help us with deficit reduction and give a break for a change to the middle class and working families. >> as you...
318
318
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 318
favorite 0
quote 0
this would increase the debt and deficit. republicans have one choice in the house. i don't know if boehner is able to do it. we'll go over the cliff of midnight tonight. the rates will be at the high rate. the bush tax cut will be over. if boehner is smart and the republicans including the conservatives in the caucus are smart, they would accept that, because there is no way it will be stopped. on thursday, the new republican house, should pass a bill, stand-alone bill that abolishes -- well, say that in reenacts the bush cuts for everybody up to $450,000. do it as a straight tax reduction. those who resisted it a week ago tax hike on the rich can argue it's not a hike, the hike already happened. but that is the only way to pre-empt obama extending all of this and making the republicans, fall guys for a hike in middle class taxes. >> bret: we're assuming it is past the senate. you have senators who have all expressed major concerns. >> you just know three most liberal senators, it's absurd, it should be million. >> you know anybody can stand up in the senate to caus
this would increase the debt and deficit. republicans have one choice in the house. i don't know if boehner is able to do it. we'll go over the cliff of midnight tonight. the rates will be at the high rate. the bush tax cut will be over. if boehner is smart and the republicans including the conservatives in the caucus are smart, they would accept that, because there is no way it will be stopped. on thursday, the new republican house, should pass a bill, stand-alone bill that abolishes -- well,...
145
145
tv
eye 145
favorite 0
quote 0
riih: the $4 trillion added to the deficit. congress typically take these measures they make permanent to the alternative minimum tax, that is something that is not on the budget because congress does it every year and adds it to the budget. that is part of the $4 trillion honest accounting on the part of congress for the first time. when you talk about the $620 billion in new tax revenues yes, that is true compared to 2012. what is not true is compared to right now. taxes have gone up as of midnight, so many are looking at this as a tax cut, which are technically would be. the number of republicans pointing out the lack of spending cuts. $15 billion worth of spending cuts, there is new spending we consider emergency unemployment benefits, long-term unemployment benefits. at least some republicans support the deal or want to see the deal go through. that is the fight they want to have on the debt ceiling and that is how they will get to this, the debt ceiling $200 billion of spending authority left in the extraordinary measures
riih: the $4 trillion added to the deficit. congress typically take these measures they make permanent to the alternative minimum tax, that is something that is not on the budget because congress does it every year and adds it to the budget. that is part of the $4 trillion honest accounting on the part of congress for the first time. when you talk about the $620 billion in new tax revenues yes, that is true compared to 2012. what is not true is compared to right now. taxes have gone up as of...
78
78
Dec 29, 2012
12/12
by
FBC
tv
eye 78
favorite 0
quote 0
tom: will that tax solve the deficit spending? >> it will if you include 2%, 250,000 for couples, 200,000 for individuals and above. you start taxing capital gains and dividends, reinstate that and get rid of $109 billion in rporate taxes every year. you're looking it over $300 billion. ." tom: upside-down by trillion closet -- a trillion dollars. not even close to fixing the deficit spending. still adding to the debt under republican and democrat programs >> this kind of class warfare rhetoric is serving a purpose. the reality is the proposed tax increases will fund the federal government for approximately eight days. it might make people feel good and that's a reason to pass it. frankly, i don't hear any politicians talking reality but the fiscal problems facing the country which is democrat or republican. tom: do you have any hope that the blame game can be put aside so they can get some work done? in the private sector these people would be fired. >> absolutely. this is a do nothing congress, the least active in four years whe
tom: will that tax solve the deficit spending? >> it will if you include 2%, 250,000 for couples, 200,000 for individuals and above. you start taxing capital gains and dividends, reinstate that and get rid of $109 billion in rporate taxes every year. you're looking it over $300 billion. ." tom: upside-down by trillion closet -- a trillion dollars. not even close to fixing the deficit spending. still adding to the debt under republican and democrat programs >> this kind of class...
124
124
Dec 31, 2012
12/12
by
CSPAN
tv
eye 124
favorite 0
quote 0
a dog to be reducing the deficit and debt. they say they want higher taxes on people in this country to pay for new spending. >> you have spoken a few times with the prize -- the vice president and it seems they have been able to come up with bipartisan deals. did he give you an indication that you just had with fellow republicans that it may be an avenue of success? >> there were conversations and discussions between us and we remain hopeful that it will be a breakthrough. obviously, what happened here between the two leaders in the senate had broken down because they had come forward with a counter offer to what republicans said last night. hopefully the discussions between the vice-president and senator mcconnell will get us back on track and we will have a breakthrough and something we can vote on today or tomorrow to avert what we all believe would be an economic disaster. >> harry reid is as if you cannot come up with something by tonight that he will push a scaled-down version of what the president asked for, the tax cu
a dog to be reducing the deficit and debt. they say they want higher taxes on people in this country to pay for new spending. >> you have spoken a few times with the prize -- the vice president and it seems they have been able to come up with bipartisan deals. did he give you an indication that you just had with fellow republicans that it may be an avenue of success? >> there were conversations and discussions between us and we remain hopeful that it will be a breakthrough....
515
515
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 515
favorite 0
quote 0
this started out as a discussion about cutting the debt, cutting the deficit and now what's going to happen is th smallest plans on the table are going to-- are not really going to cut the deficit in the long run and don't have major spending cuts and i noticed at one point when he was asked about the sequester, not just the tax side, but the automatic spending cuts about to kick in. he said if we raise revenue by the wealthy paying more, that would be sufficient to turn off this request or what's called the automatic spending cuts and that's what republicans have been suggesting if he raises more revenue raising taxes on the rich, he's not going to put it towards the deficit, but the president kind of suggested that today. >> and a question from the beginning and it's your segment, go ahead. >> i've been on the show for ten seconds, by first time on the "the five", you've interrupted me and contradicted me. >> there will be plenty more time for that, and welcome to "the five", and bob beckel. >> can i ask my question of ed. because ed, you mentioned that i had experience in dealing
this started out as a discussion about cutting the debt, cutting the deficit and now what's going to happen is th smallest plans on the table are going to-- are not really going to cut the deficit in the long run and don't have major spending cuts and i noticed at one point when he was asked about the sequester, not just the tax side, but the automatic spending cuts about to kick in. he said if we raise revenue by the wealthy paying more, that would be sufficient to turn off this request or...
258
258
Dec 30, 2012
12/12
by
MSNBCW
tv
eye 258
favorite 0
quote 1
they want them to carry the burden of reducing the deficit and refuse to ask higher income individuals to pitch in to fully share responsibility. and that is exactly what is happening. it is important to know that republicans are now demanding that the wealthiest of the very wealthiest estates in this country get a sweetheart deal on estate taxes which would help 7,200 families in the country next year get an average tax break of $1.2 million. and they are holding up tax relief for everybody else in the country in order to get this demand met for the very wealthiest estates. this isn't even the top 1%. this is a fraction of 1%. while they want to give those folks a big break they want folks on social security to pay more. and so this is a major setback. it is interesting to hear mitch mcconnell talking about his good faith efforts. he knows that he just threw a monkey wrench into the negotiations y. think he is also doing it to protect speaker boehner and the republicans and the house because he doesn't want to send them a deal that he knows they are going to vote down. >> let's talk a
they want them to carry the burden of reducing the deficit and refuse to ask higher income individuals to pitch in to fully share responsibility. and that is exactly what is happening. it is important to know that republicans are now demanding that the wealthiest of the very wealthiest estates in this country get a sweetheart deal on estate taxes which would help 7,200 families in the country next year get an average tax break of $1.2 million. and they are holding up tax relief for everybody...
171
171
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 171
favorite 0
quote 0
we still have deficits that have to be dealt with. we're still going to have to think about how we put our economy on a long-term trajectory of growth and how we continue to make investments in things like education, things like infrastructure that help our economy grow. keep in mind that the threat of tax hikes going up is only one part of this so-called fiscal cliff that everybody has been talking about. what we also have facing us starting tomorrow are automatic spending cuts that are scheduled to go into effect. keep in mind that some of these spending cuts that congress has said will automatically go into effect have an impact on our defense department, but they also have an impact on things like head start and so there are some programs that are scheduled to be cut that we're using an ax instead ax instead of a scalpel. may not always be the smartest cuts and so that is a piece of business that still has to be taken care of. and i want to make clear that any agreement we have to deal with these automatic spending cuts that are b
we still have deficits that have to be dealt with. we're still going to have to think about how we put our economy on a long-term trajectory of growth and how we continue to make investments in things like education, things like infrastructure that help our economy grow. keep in mind that the threat of tax hikes going up is only one part of this so-called fiscal cliff that everybody has been talking about. what we also have facing us starting tomorrow are automatic spending cuts that are...
250
250
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 250
favorite 0
quote 0
so to delay that has a cost that further adds to the deficit. so they have been trying to find ways to offset that cost. to bring in new revenue through these new taxes, to protect the current tax rates for the majority of americans. so anyone who earns less than 400,000 dollars as an individual will have the same tax rates as they do now. other sorts of tax provisions like the 2% payroll tax will stay in effect. and for those people who have been out of work the longest and have been depending on unemployment benefits, those will continue as a part of this deal. it is complicated. it has very significant impact on the economy, on people's pocketbooks, and there has been sharp political divide for a very long time. that's the subject of the campaign on many levels, it will be a subject of campaigns for many of these members of congress in the future when they are up for reelection. but this represents a significant breakthrough after so much difficulty. much of the credit will probably go to mitch mcconnell and vice president joe biden. and alon
so to delay that has a cost that further adds to the deficit. so they have been trying to find ways to offset that cost. to bring in new revenue through these new taxes, to protect the current tax rates for the majority of americans. so anyone who earns less than 400,000 dollars as an individual will have the same tax rates as they do now. other sorts of tax provisions like the 2% payroll tax will stay in effect. and for those people who have been out of work the longest and have been depending...
160
160
Dec 31, 2012
12/12
by
CSPAN
tv
eye 160
favorite 0
quote 0
a dog to be reducing the deficit and debt. they say they want higher taxes on people in this country to pay for new spending. >> you have spoken a few times with the prize -- the vice president and it seems they have been able to come up with bipartisan deals. did he give you an indication that you just had with fellow republicans that it may be an avenue of success? >> there were conversations and discussions between us and we remain hopeful that it will be a breakthrough. obviously, what happened here between the two leaders in the senate had broken down because they had come forward with a counter offer to what republicans said last night. hopefully the discussions between the vice-president and senator mcconnell will get us back on track and we will have a breakthrough and something we can vote on today or tomorrow to avert what we all believe would be an economic disaster. >> harry reid is as if you cannot come up with something by tonight that he will push a scaled-down version of what the president asked for, the tax cu
a dog to be reducing the deficit and debt. they say they want higher taxes on people in this country to pay for new spending. >> you have spoken a few times with the prize -- the vice president and it seems they have been able to come up with bipartisan deals. did he give you an indication that you just had with fellow republicans that it may be an avenue of success? >> there were conversations and discussions between us and we remain hopeful that it will be a breakthrough....
142
142
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 142
favorite 0
quote 0
don't forget who asked and demanded for deficit reduction. when i talked to a capitol hill staffer, here's what he said. he said -- this is very important -- "if it's a status quo election some kind of deal that staifz off sec quest rags. >> the republicans. >> i have to say it, it is the republicans that the point that are arguing against deficit reduction. they want to cancel the see quester, which is military spending cut. >> only on their terms. >> they would like spending cuts, but they would like -- they won't be ebbing mrift about exactly how do do it. >> i want to give luke the last word on this. >> is there a chance? just your kind of read on the final word on this, do we end today with some kind of a deal, or do they punt this and try to do it before january 3rd or not at all, just go over the cliff? >> i think that there's a possibility you could see a deal come out of the senate today, although i think if any deal comes out of the senate, the house will most likely vote on it tomorrow. i don't see a late night new year's eve vote
don't forget who asked and demanded for deficit reduction. when i talked to a capitol hill staffer, here's what he said. he said -- this is very important -- "if it's a status quo election some kind of deal that staifz off sec quest rags. >> the republicans. >> i have to say it, it is the republicans that the point that are arguing against deficit reduction. they want to cancel the see quester, which is military spending cut. >> only on their terms. >> they would...
410
410
Jan 1, 2013
01/13
by
FOXNEWSW
tv
eye 410
favorite 0
quote 0
both sides would have to come to a better, more balanced deficit and debt deal. it's hard to believe but that was almost two years ago. and now, with the clock winding down to the end of to 12, and the end of the fiscal cliff deadline, not a single piece of legislation has passed congress on this. at this hour, vice president biden is set to meet with senate democrats. you are looking live just outside of capitol hill there. we are waiting for his arrival. he will be meeting with senate democrats in hopes of ironing out a mini deal. is he actually trying to sell it to several key democratic senators who are skeptical to say the least. a big union leaders is weighing in as well. is he not happy with what he has heard of the deal so far. we're positioned just outside again for the vice president's arrival. then, inside, just outside the senate chamber, well it, there are the republicans, several senate republicans have already announced opposition. but, if whatever comes out, legislation wise makes it through the senate tonight somehow, how the house speaker and hi
both sides would have to come to a better, more balanced deficit and debt deal. it's hard to believe but that was almost two years ago. and now, with the clock winding down to the end of to 12, and the end of the fiscal cliff deadline, not a single piece of legislation has passed congress on this. at this hour, vice president biden is set to meet with senate democrats. you are looking live just outside of capitol hill there. we are waiting for his arrival. he will be meeting with senate...
72
72
Dec 30, 2012
12/12
by
CNNW
tv
eye 72
favorite 0
quote 0
it's trying to cut the deficit. >> right, the cuts that everyone is talking about that are in the sequester, those have already been decided and those are in the bank, but as you lk to change current law, the tax cuts expire tomorrow. to replace a bunch of them, to find new revenue and then not continue to cut does not get us out of our hole. so that's the problem. is we're looking at a very small band aid that doesn't get us through the next hurdlhurdle. it keeps us as a fiscal precipice that we've been trying to get out of for 17 months. >> you heard the words used by mitch mcconnell and harry reid, do you see this as a breakdown? or is it just more brinksmanship? >> as you know, even the most distant viewer observer far away from washington would know that these are never resolved before the absolute last-minute. so to get anything resolved today would be surprising. i think people are pushing on both sides of the bargaining table. asking for a little more, a little more. there's going to have to be more budgeting. but it is a good sign as was mentioned before. that the vice president is
it's trying to cut the deficit. >> right, the cuts that everyone is talking about that are in the sequester, those have already been decided and those are in the bank, but as you lk to change current law, the tax cuts expire tomorrow. to replace a bunch of them, to find new revenue and then not continue to cut does not get us out of our hole. so that's the problem. is we're looking at a very small band aid that doesn't get us through the next hurdlhurdle. it keeps us as a fiscal precipice...
88
88
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 88
favorite 0
quote 0
, deficit reduction. where do you start with that? what do you think the republican strategy should be? there's been a lot of criticism, as you know. i was thinking about david brooks, who was on "meet the press" over the weekend, and he was saying that the problem with the republicans, frankly sshgs that they have a brain freeze. they have no strategy. is there a strategy? >> absolutely. we work to get a $4 trillion deal, which included a program of tax reform, entitlement reform, and reductions in spending. that didn't happen. we weren't able to get that deal. we got one piece of it, and that is going to help with economic growth because we made these lower tax rates permanent. that's going to help our economy grow, create revenue through growth rather than higher taxes. we have got to do the entitlement reform. we've got to find real savings, and it has to be in that $4 trillion range to reduce the deficit and debt, and i think that also is part of really getting the kind of economic growth we need wit
, deficit reduction. where do you start with that? what do you think the republican strategy should be? there's been a lot of criticism, as you know. i was thinking about david brooks, who was on "meet the press" over the weekend, and he was saying that the problem with the republicans, frankly sshgs that they have a brain freeze. they have no strategy. is there a strategy? >> absolutely. we work to get a $4 trillion deal, which included a program of tax reform, entitlement...
168
168
Dec 31, 2012
12/12
by
FBC
tv
eye 168
favorite 0
quote 0
it will increase the size of the deficit. if you are looking for ways to fix the problem, we have the biggest place to go in terms of cuts. ashley: thank you so much. thank you for joining us. shibani: the city of chicago is number one and parking costs. giving chicago the most expensive parking meters in the country. downtown residents can look forward, starting tomorrow, to paying $6.50 for parking in 2013. up from the current rate of $5.75. back in 2008, former mayor richard daley agreed to release the parking meters to a private company. the city in turn received a billion dollars as part of the agreement. current mayor is investigating the deal, but, in the meantime, all meters will be set to the new rate to the end of february. get your quarters out. bring your dollar bills, i guess. ashley: take the bus. shibani: the midnight deadline is fast approaching. will there be a framework to avoid the fiscal cliff? ashley: up to the minute coverage from washington. guess what, republicans should just walk away now. oh, boy. â™
182
182
Dec 31, 2012
12/12
by
CNBC
tv
eye 182
favorite 0
quote 0
part of that is deficit reduction. part of it is also making sure that we're investing, for example, in rebuilding our infrastructure, which is broken. and, you know, if we are putting people back to work rebuilding our roads, our bridges, our schools, in part, paying for it by some of these broader, long-term deficit reduction measures that need to take place, that will grow our economy at a time while setting our path for long-term fiscal stability. number three, we have a long-term opportunity around energy. america can become an energy exporter. how do we do that in a way that deals with some of the environmental challenges that we have at the same time? that's going to be a third thing. but the most immediate thing i've got to do, starting on january 1st, if congress doesn't act before the end of the year is make sure that taxes are not going up on middle class families. because it is going to be very hard for the economy to sustain its growth trends if suddenly we have a huge fight taken out of the average americ
part of that is deficit reduction. part of it is also making sure that we're investing, for example, in rebuilding our infrastructure, which is broken. and, you know, if we are putting people back to work rebuilding our roads, our bridges, our schools, in part, paying for it by some of these broader, long-term deficit reduction measures that need to take place, that will grow our economy at a time while setting our path for long-term fiscal stability. number three, we have a long-term...
89
89
tv
eye 89
favorite 0
quote 0
look k at this to see exactly how much it is going to cost but as it is known with the impact of the deficit going to be, senator joe lieberman said a short while ago they will try to vote on this thing at some point this evening as we get closer, adam, less than an hour to go in the year 2012 there is no way this clears the senate and the house before the end of the new year. if the senate passes this tonight or sometime in the early morning hours the house will hol begin considering it tomorrow. there's no real outlook so far as to whether or not this is actually going to pass the house, too early to tell. they are basically saying the senate goes first and then the house. adam: have the senator from ohio saying he will vote for this. we have the senator from iowa, tom harkin, very liberal saying he will vote against it. we have to believe leadership in the senate believes it will pass in the senate tonight. the question then becomes both democrats and the house and republicans in the house, right? >> that is right. this will be an appeal from both leaders in both parties on the house side
look k at this to see exactly how much it is going to cost but as it is known with the impact of the deficit going to be, senator joe lieberman said a short while ago they will try to vote on this thing at some point this evening as we get closer, adam, less than an hour to go in the year 2012 there is no way this clears the senate and the house before the end of the new year. if the senate passes this tonight or sometime in the early morning hours the house will hol begin considering it...
658
658
Dec 30, 2012
12/12
by
CNNW
tv
eye 658
favorite 0
quote 0
the deficit and the debt and that is happening today to put a patch on not going over the cliff. there has to be new revenues and some entitlement reform, and cpi is the most painless way to do it. and the president offered it in a deal as recently as a week or two ago, and spending cuts, but right now, it is not a grand bargain, because we have the debt ceiling hanging out in two months. this is an attempt to avoid political pain and going over the cliff and we can't get an agreement on a patch with less than 36 hours to go. >> and don, this is the problem, something is the going to hurt. we can't get out with no pain, and we have all sorts of things and nobody wants to pay for it, don. >> you two are fired up, too. and the people at home are too, right. >> and 516 days since we knew that the deadline would come. >> and right at the deadline, and they are going home. >> right. and we are not. >> we are not. we will be here until who knows. okay. a stalemate or breakthrough? with hours to go, lawmakers are searching for a compromise. what are the chances of reaching a deal in was
the deficit and the debt and that is happening today to put a patch on not going over the cliff. there has to be new revenues and some entitlement reform, and cpi is the most painless way to do it. and the president offered it in a deal as recently as a week or two ago, and spending cuts, but right now, it is not a grand bargain, because we have the debt ceiling hanging out in two months. this is an attempt to avoid political pain and going over the cliff and we can't get an agreement on a...
138
138
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 138
favorite 0
quote 0
number one they don't like the extension of unemployment benefits and think that adds to the deficit. they don't think there are enough spending cuts. they also don't like the extension of the middle class tax cuts that were the president's stimulus package. also some liberals don't like the bill because they feel it gives, takes away their leverage to argue for more taxes in the future in terms of deficit deals and the rest of them would only come by cuts. so what you're going to see is at noon, nancy pelosi is going to talk to the house democratic caucus. there have been some rumors that joe biden could come up here on new year's day to sell the plan, very much like he did to the senate ds earlier this morning. you'll also see john boehner meeting with his conference at 1:00 p.m. i've been told by folks close to boehner that these -- it is by no means a done deal. he is keeping the door open to possibly amending the senate bill. now you think with the 9 votes they wouldn't want to do that, they'd want to put this to bed. but the house republicans have been known to scuttle these typ
number one they don't like the extension of unemployment benefits and think that adds to the deficit. they don't think there are enough spending cuts. they also don't like the extension of the middle class tax cuts that were the president's stimulus package. also some liberals don't like the bill because they feel it gives, takes away their leverage to argue for more taxes in the future in terms of deficit deals and the rest of them would only come by cuts. so what you're going to see is at...
142
142
Dec 30, 2012
12/12
by
FOXNEWSW
tv
eye 142
favorite 0
quote 0
are you going to pay down the deficit? if you are going to use it for more government spending we don't want a part of it. senator mcconnell on the republican side seemed to get frustrated because he felt like the democrats were slow walking the th, 18 hours without a response. mcconnell made a call to a well known senator, joe biden to see if he could help. >> we're willing to work with whoever can help. no single issue remains an impossible sticking point. a sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: as senate aide says it was designed to try to jumpstart the talks and consequences of getting a tax increase is a huge concern. >> gregg: what went awry in these talks? >> you heard senator thune. a fiscal cliff deal is a new way calculating inflation that would lower social security payments. democrats say they would do it as part of much bigger deal but it was off the table for the smaller deal they are working on. so democrats called it a poison pill. >>
are you going to pay down the deficit? if you are going to use it for more government spending we don't want a part of it. senator mcconnell on the republican side seemed to get frustrated because he felt like the democrats were slow walking the th, 18 hours without a response. mcconnell made a call to a well known senator, joe biden to see if he could help. >> we're willing to work with whoever can help. no single issue remains an impossible sticking point. a sticking point appears to be...
151
151
Dec 31, 2012
12/12
by
CSPAN
tv
eye 151
favorite 0
quote 0
the same is true for any future deficit agreement. we will have to do more to reduce our debt and deficit. i am willing to do more but it will have to be balanced. we will have to do it in a responsible way. i am willing to reduce our government's medicare bills by finding new ways to reduce the costs of health care in this country. that is something which all agree on. we want to make sure that medicare is there for future generations but the current trajectory of health care costs is going up so high that we have to find ways to make sure that it is sustainable. that kind of reform has to go hand in hand with doing some more work to reform our tax code so that wealthy individuals, the biggest corporations, cannot take advantage of loopholes and deductions that are not available to most of the folks standing up here for most americans. there is still more work to be done in the tax code to make it fair even as we are also looking at how we can strengthen something like medicare. if republicans think i will finish the job of the defic
the same is true for any future deficit agreement. we will have to do more to reduce our debt and deficit. i am willing to do more but it will have to be balanced. we will have to do it in a responsible way. i am willing to reduce our government's medicare bills by finding new ways to reduce the costs of health care in this country. that is something which all agree on. we want to make sure that medicare is there for future generations but the current trajectory of health care costs is going up...
173
173
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 173
favorite 0
quote 0
that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope for at this time. it may be we can do it in stages. >> there are a number of issues on which the two sides are still apart but negotiations are continuing as i speak. but we really are running out of time. >> the vice president and i have worked together on solutions before and i believe we can again. >> no holiday for the best political team around. a triple threat, luke russert and mike viqueira on the capitol hill and kristen welker from the white house. are you happy to be working on the holiday? >> it's fantastic. >> absolutely. >> sounded believable. viq, let's start with you. we have news trickling out today. working, trying to make a deal. what's going on? >> it's washington, d.c. nothing is as it appears. we6 classic kabuki theater going on here, toree. the president, jovial, said they were close to a deal. that joe biden, the negotiations with mitch mcconnell essentially borne fruit. republicans annoyed wit
that solves our deficit problems in a balanced and responsible way. with this congress, that was obviously a little bit too much to hope for at this time. it may be we can do it in stages. >> there are a number of issues on which the two sides are still apart but negotiations are continuing as i speak. but we really are running out of time. >> the vice president and i have worked together on solutions before and i believe we can again. >> no holiday for the best political team...
201
201
Dec 31, 2012
12/12
by
CNNW
tv
eye 201
favorite 0
quote 0
the deficit is going to swamp the economy. and at that point you're going to have the debt crisis, and you're going to need a whole new stream of revenues. the only thing that paul krugman and paul ryan agree on, only a value added tax will solve this problem. by raising marginal tax rates to get us out of this potential crisis. so we need very, very steep spending cuts, all of the emphasis and debate has been over marginal tax rates which are really a minor part of the solution, no matter what political strife you happen to be. have you to realize that tremendous spending cuts are necessary and already -- any changes to social security have been ruled out in a short term solution, and it's going to be very difficult. the congressmen from oklahoma were correct. that it's going to be hand to hand combat in the next session in order to get any kind of cuts. no one is talking about major cuts. >> sean -- >> except some on the republican side. >> i hear what you're saying, it sounds like, you know, i've read that this fiscal cliff
the deficit is going to swamp the economy. and at that point you're going to have the debt crisis, and you're going to need a whole new stream of revenues. the only thing that paul krugman and paul ryan agree on, only a value added tax will solve this problem. by raising marginal tax rates to get us out of this potential crisis. so we need very, very steep spending cuts, all of the emphasis and debate has been over marginal tax rates which are really a minor part of the solution, no matter what...
240
240
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 240
favorite 0
quote 0
won't do anything for the deficit at all. if you raise taxes on anybody at this moment, and we are going to, the economy will suffer. rick: i'm hearing from our colleague chad pergrum who covers capitol hill from us not to expect to hear from the speaker of the house john boehner after we hear from the president at 1:30pm. speaker boehner tried to put plan b of his own on the table and ended up not having the republican support for it, so he pulled back. as business watches these negotiations take place, and we heard from senator thune in mike emanuel's report a minute ago what is the reaction of the business community at this function that is on display in our nation's capitol. >> despair, anger frustration. if you go forward into 2013 not addressing spending, in fact the president wants to raise spending on struc infrastructure you go forward into next year doing that with tax increases on upper income people and some small business owners you will slow the economy down. business does not want a slower economy, it wants a m
won't do anything for the deficit at all. if you raise taxes on anybody at this moment, and we are going to, the economy will suffer. rick: i'm hearing from our colleague chad pergrum who covers capitol hill from us not to expect to hear from the speaker of the house john boehner after we hear from the president at 1:30pm. speaker boehner tried to put plan b of his own on the table and ended up not having the republican support for it, so he pulled back. as business watches these negotiations...
132
132
Jan 1, 2013
01/13
by
CSPAN
tv
eye 132
favorite 0
quote 0
having said that, we still of the deficit issue. we still have a deficit problem. what we tried to establish this morning in this vote, revenue has to be part of the solution. the other side of the aisle reluctantly, after years of resisting, came to our side on this problem. number two, we need to look in entitlements. here is what the facts are. social security can make every promise of payment for 20 years. you cannot say that about any other federal program. on the 21st year, there will be a drop-off of 30% in terms of social security benefits. so, we of 20 years. we can wait to do something, or we can do something soon, maybe even this year, 2013. that is what i would like to see. i am preparing legislation which will call for the creation of a commission with a simple assignment, come up with a plan for a 75 year solvency of social security. when you haven't and it has been certified to be a valid plan, -- have its and it has been certified to be a valid plan, bring it to congress where it can be passed without a filibuster. to haveve this chance this debate
having said that, we still of the deficit issue. we still have a deficit problem. what we tried to establish this morning in this vote, revenue has to be part of the solution. the other side of the aisle reluctantly, after years of resisting, came to our side on this problem. number two, we need to look in entitlements. here is what the facts are. social security can make every promise of payment for 20 years. you cannot say that about any other federal program. on the 21st year, there will be...
118
118
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 118
favorite 0
quote 0
republicans would like to see more deficit reduction. so, they're saying if there are new taxes, spend it down on the deficit, don't use it for spending. chris? >> now, kelly, one other quick question. you've been up there probably for the last 96 hours, maybe more straight. what's the mood? i know we've got this report that mcconnell and joe biden worked late into the evening and that there seems to be a little bit more positivity than maybe when people like me went to bed last night, a little early. so, is the mood moving in the direction of a deal? is that what -- because it seemed like pessimism sort of toward the late afternoon yesterday. where are we right now, quickly? >> reporter: it does fluctuate. there is exasperation and frustration, especially from members here waiting to vote on something but have nothing to look at. they are wanting to see something done. the people closest to it tell us they are still working at it, that they see there isn't one particular issue that would make this all fall apart, but they're not there y
republicans would like to see more deficit reduction. so, they're saying if there are new taxes, spend it down on the deficit, don't use it for spending. chris? >> now, kelly, one other quick question. you've been up there probably for the last 96 hours, maybe more straight. what's the mood? i know we've got this report that mcconnell and joe biden worked late into the evening and that there seems to be a little bit more positivity than maybe when people like me went to bed last night, a...
204
204
tv
eye 204
favorite 0
quote 0
the cbo estimates fiscal year 2013 deficit will be, well,lionf $104 trillion fofiscal year a rl 2013.well, it's so we get up to 2014, it is going to be about $19.billion -- excuse me, trillion dollars.f $20.3 trillion. we do nothing. amat is if we do nothing aboutpb this runaway spending. responsible government. let's take a look at what1.6 happens. way $1.64 trillion in taxes. $82 billion per year from the top 2%. senates the n same amount of net tax hikes in the president's 2013 budget that the senate rejected unanimously. byl the tax hikes that he is requesting, the national debt by it'll instead of 25.8%, that's where you get cut down. it will amount toll $25.4 trillion.that's we will call at obama wins. a r the national media waiting forii that one. that is what will be. it will be a really dramaticis s scene. i want to show you exactly how anges. speaker boehner wants, oh, yeah? he isgoing to kick some ail. we are going to get to point you leally in dollars and the spending of this country.that'l let me rephrase that. total a $2.2 trillion reduction in thf total plan spending. w
the cbo estimates fiscal year 2013 deficit will be, well,lionf $104 trillion fofiscal year a rl 2013.well, it's so we get up to 2014, it is going to be about $19.billion -- excuse me, trillion dollars.f $20.3 trillion. we do nothing. amat is if we do nothing aboutpb this runaway spending. responsible government. let's take a look at what1.6 happens. way $1.64 trillion in taxes. $82 billion per year from the top 2%. senates the n same amount of net tax hikes in the president's 2013 budget that...
274
274
Jan 1, 2013
01/13
by
CNNW
tv
eye 274
favorite 0
quote 0
that would help the federal government in terms of dealing with the deficit, but nonetheless, it still won't be enough, but it will be a start in that direction. that's the current cutoff, but we don't have that deal yet. absent that deal and as long as the clock keeps ticking, all of this is on the table for all of us. one more thing i should mention, bear in mind this past year, all of us have enjoyed a payroll tax vacation. payroll taxes were reduced across the country to help people deal with this bad economy right now. that's ending. there's no sign that's not going to end. everyone is going to pay a little more anyway. what we're worried about is this extra level on top. that is what many volters are paying attention to and that is the real bear in the woods that has democrats and republicans both worried about these negotiations. >> the clock, as you point out, is ticking, ticking, ticking right now. tom, thank you. >>> what's at stake for the millions of americans already out of a job once the country goes over the fiscal cliff? that and much more when our special coverage cont
that would help the federal government in terms of dealing with the deficit, but nonetheless, it still won't be enough, but it will be a start in that direction. that's the current cutoff, but we don't have that deal yet. absent that deal and as long as the clock keeps ticking, all of this is on the table for all of us. one more thing i should mention, bear in mind this past year, all of us have enjoyed a payroll tax vacation. payroll taxes were reduced across the country to help people deal...
75
75
Jan 1, 2013
01/13
by
CNNW
tv
eye 75
favorite 0
quote 0
that's really the centerpiece of our deficit and debt challenge. but in the short term that is over the next year or two, i don't think we ought to be tackling the budget deficit. we have huge unemployment, a lot of underutilized capacity in this country. it's exactly the wrong time to embrace austerity economics. ali, if i can just make one more point. that is one thing that really worries me about this current agreement as it is being structured is it doesn't deal with the debt ceiling. there is no agreement on the debt ceiling, which means you're going to have beginning next week or even sooner, republicans and democrats engaged in the same sort of trench warfare we've had for years over raising the dents. and that debt ceiling. without an agreement, we're back to square zero. >> we agree on that point. great to see you both. thanks for staying up with us and happy new year to both of you. hope we don't have to talk again tonight. >> one of the main stumbling blocks in the fiscal cliff negotiations was that no-tax pledge most republicans signed
that's really the centerpiece of our deficit and debt challenge. but in the short term that is over the next year or two, i don't think we ought to be tackling the budget deficit. we have huge unemployment, a lot of underutilized capacity in this country. it's exactly the wrong time to embrace austerity economics. ali, if i can just make one more point. that is one thing that really worries me about this current agreement as it is being structured is it doesn't deal with the debt ceiling. there...
160
160
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 160
favorite 0
quote 0
we need to reduce the deficit. we know we need to reduce spending. any deal in the future that is the rest of this deal and brings it to completion is going to need to have both revenue and spending cuts and we're going to need to make sure that we add entitlement savings. we have that opportunity. the republicans just need to continue to get more of their members to agree to say yes. >> all right. congresswoman debby wassermann schultz, thanks so much for your time. >> thank you, mara. >> so who won, who lost? who compromised and who held firm? where does this leave embattled house speaker john boehner? reed wilson is editor-in-chief for national journal's hotline. thank you both for being here today. ryan, let's talk about what we'll see in the house. do you expect a full scale revolt from conservative members who vowed to vote against any tax increase? >> well, i don't know. we'll find out early this afternoon. what i'm hearing is that the conservative members have three major problems with the bill that came over from the senate. one is that ther
we need to reduce the deficit. we know we need to reduce spending. any deal in the future that is the rest of this deal and brings it to completion is going to need to have both revenue and spending cuts and we're going to need to make sure that we add entitlement savings. we have that opportunity. the republicans just need to continue to get more of their members to agree to say yes. >> all right. congresswoman debby wassermann schultz, thanks so much for your time. >> thank you,...
150
150
Dec 28, 2012
12/12
by
MSNBCW
tv
eye 150
favorite 0
quote 0
and really, is not interested in a balanced approach to deficit reduction. it's been pretty clear that that's the story we have been telling and it happens to be the truth. >> i understand that two of colleagues proposed cuts to medicare for a hike in the debt ceiling. what do you make of that offer? >> i think one of the things that people don't realize is that it's a dirty little secret. the republicans don't want to cut the things that americans want cut. and they want to cut things that americans don't want cut. poll after poll shown americans do not want deficit reduction done by cutting medicare and medicare and social security. so they propose and saw the same scenario when paul ryan put the budget out and because the american people rejected the kind of draconian cuts that the republicans want to make so, you know, that's a nonstarter in the senate. i think it's a nonstarter with the president. sure can pass the house but going nowhere past that. >> the smaller offer we hear that the president is making at 3:00, to congressional leadership, what kind
and really, is not interested in a balanced approach to deficit reduction. it's been pretty clear that that's the story we have been telling and it happens to be the truth. >> i understand that two of colleagues proposed cuts to medicare for a hike in the debt ceiling. what do you make of that offer? >> i think one of the things that people don't realize is that it's a dirty little secret. the republicans don't want to cut the things that americans want cut. and they want to cut...
151
151
Dec 31, 2012
12/12
by
CNNW
tv
eye 151
favorite 0
quote 0
we have a $1.3 trillion deficit for 2012. it will be about a trillion for 2013. we're borrowing 35 cents on the dollar. the enormous problem is interest rates are way below normal, so when they spike, which they inevitably will, and the government is borrowing very short term to keep its costs down, the deficit is going to swamp the economy. and at that point you're going to have the debt crisis, and you're going to need a whole new stream of revenues. the only thing that paul krugman and paul ryan agree on, in a crisis situation, only a value-added tax will solve this problem. by raising marginal tax rates to get us out of this potential crisis. so we need very, very steep spending cuts, all of the emphasis and debate has been over marginal tax rates which are really a minor part of the solution, no matter what political strife you happen to be. you have to realize that tremendous spending cuts are necessary and already the -- any changes to social security have been ruled out in a short-term solution and it's going to be very difficult, congressman from oklahom
we have a $1.3 trillion deficit for 2012. it will be about a trillion for 2013. we're borrowing 35 cents on the dollar. the enormous problem is interest rates are way below normal, so when they spike, which they inevitably will, and the government is borrowing very short term to keep its costs down, the deficit is going to swamp the economy. and at that point you're going to have the debt crisis, and you're going to need a whole new stream of revenues. the only thing that paul krugman and paul...
339
339
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 339
favorite 0
quote 0
that has to be part of the discussion down the road, whether it's with respect to deficit in a few month or sequestration or other things, the department of service is another thing. a lot of neocon friends on the right think it's psycho. but the reality, everything has to be on the table if we're honest with the american people about getting our fiscal house in order. they need to know the american people, exactly what the costs are, the consequences are, the priorities are quite frankly, milissa. we need to find a balance between guns and brothers or will we live in an absolutist world where you can't have one without the other? i think that will be part of the sequestration as well. >> the heritage foundation came out and said -- basically gave it a huge thumbs down. how does this affect republicans who vote for it? is that something they carry with them in deciding this? >> i think it will be. i think with the change occurring with leadership and the fact that they are talking about scoring members, republican members on how they vote on matters going forward, yeah, i think some will
that has to be part of the discussion down the road, whether it's with respect to deficit in a few month or sequestration or other things, the department of service is another thing. a lot of neocon friends on the right think it's psycho. but the reality, everything has to be on the table if we're honest with the american people about getting our fiscal house in order. they need to know the american people, exactly what the costs are, the consequences are, the priorities are quite frankly,...
289
289
Jan 1, 2013
01/13
by
CNNW
tv
eye 289
favorite 0
quote 0
if republicans think i will finish the job of deficit reduction, that's not how it's going to work. in the responsible way. they will reiterate that. it has to be balanced. >> there's a lot of criticism for how the president has been handling this in the last two days some republicans are ridiculing republicans and suggesting that was not conducive to negotiations. can you understand why people feel that way? >> i don't understand that. i think they are wrong. the president laid down the marker and indicated what was in it this bill. he also indicated what's ahead e. and he acknowledged that we have work to do ahead. it has to be done in a balanced and responsible way. there will be to be additional measures. i think that's important. we think the president will lead to think he's spiking the football when he's trying to get everything moving. i think that's a mistake for the republicans to say that. >> i'm not going to suggest that you know what the other 434 members of your house is going to do. never until the vote is done. vice president biden just said that yesterday. but i wan
if republicans think i will finish the job of deficit reduction, that's not how it's going to work. in the responsible way. they will reiterate that. it has to be balanced. >> there's a lot of criticism for how the president has been handling this in the last two days some republicans are ridiculing republicans and suggesting that was not conducive to negotiations. can you understand why people feel that way? >> i don't understand that. i think they are wrong. the president laid...
205
205
Dec 31, 2012
12/12
by
WUSA
tv
eye 205
favorite 0
quote 1
. >> they say that the biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> but senators say there is some movement on the issue. >> there's a lot of give and take right now but republicans doan want to see new revenues in other words, tax increases be used for spending. >> the president says if there's no deal by the end of the day, they should draw up a new tax plan. >> there should be a right to vote. if republicans don't like it they can vote no but i actually think there's a majority support for making sure the middle-class families are held harmless. >> a white house proposal to increase estate taxes also held up negotiations over the weekend. now, even if the democratic-led passes, it still has to get through the republican-controlled house. terrell? >> not looking so well. danielle nottingham in washington. thank you so much. >>> lawmakers hav agreed though, on a dramatic spike in milk prices. without a deal to extend
. >> they say that the biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> but senators say there is some movement on the issue. >> there's a lot of give and take right now but republicans doan want to see new revenues in other words, tax increases be used for spending. >> the president says if there's no deal...
86
86
Jan 1, 2013
01/13
by
WUSA
tv
eye 86
favorite 0
quote 0
promote deficit reduction and strong fiscal growth and extend the farm bill through the end of the fiscal year, thus averting a sharp rise in milk prices. stay with 9news throughout the night for the very latest on the fiscal cliff. we'll have updates on our website, wusa9.com and the latest tonight on 9 news at 6:00, 7:00, and 11:00. >>> same-sex marriages got underway in earnest today, all across maryland. a wide cross of people are tieing the knot. among them more than half a dozen couples who literally lined up to wed at a water front end on maryland's eastern shores. our scott broom reports. >> reporter: at the black walnut point in, couples nervously prepared for the ceremonies and the wedding photographer scramble. a couple who wedded at midnight after a 15-year relationship and previous marriage to men came on to cheer the others in just married hats. >> it was magical. >> we are gathered here today to celebrate love. the love that has been freely given to us. >> reporter: clayton and wayne of baltimore stood under a water front gazebo to exchange vows cementing a six-year relatio
promote deficit reduction and strong fiscal growth and extend the farm bill through the end of the fiscal year, thus averting a sharp rise in milk prices. stay with 9news throughout the night for the very latest on the fiscal cliff. we'll have updates on our website, wusa9.com and the latest tonight on 9 news at 6:00, 7:00, and 11:00. >>> same-sex marriages got underway in earnest today, all across maryland. a wide cross of people are tieing the knot. among them more than half a dozen...
158
158
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 158
favorite 0
quote 0
future negotiations and likely future fights about how to deal with paying for a way to bring down the deficit by other kinds of cuts. that's been at the heart of this fight. now, today the house of representatives comes in, they cast a vote, and because the senate vote is so overwhelmingly bipartisan, 89-8, it's hoped that that will have influence in the house to at least get this deal done now with a chance to talk about some of these issues some more in the new congress and in the months ahead. chris? >> kelly o'donnell, thank you. well, all eyes do now turn to the republican-controlled house and speaker john boehner. about two hours before the senate voted, the house leadership said it would take a wait-and-see approach. "decisions about whether the house will seek to accept or promptly amend the measure will not be made until house members and the american people have been able to review the legislation." with me now, "the washington post's" david machimura and steve toma, chief political correspondent for "mclatchy" newspapers. good morning. >> good morning. >> happy new year. >> happy n
future negotiations and likely future fights about how to deal with paying for a way to bring down the deficit by other kinds of cuts. that's been at the heart of this fight. now, today the house of representatives comes in, they cast a vote, and because the senate vote is so overwhelmingly bipartisan, 89-8, it's hoped that that will have influence in the house to at least get this deal done now with a chance to talk about some of these issues some more in the new congress and in the months...
267
267
Jan 1, 2013
01/13
by
CNNW
tv
eye 267
favorite 0
quote 0
maybe there's a chance to get our deficit and debt in line. the downside, we're going to be playing with fire again walking right up by the edge of the cliff. >> the tax rate and how much you tax, that was actually never really a grand bargain kind of discussion. that was oh, guys, you say 3, we say 4, whatever. the real challenge is all of the low hanging fruit for cutting spending is gone. you know, mitt romney talked about big bird and pbs during the debate and people laughed. it wasn't that laughable. it's one of the bigger things left you can cut. you can cut amtrak. there aren't a lot of things that are billions of dollars in the budget you can cut. you need to cut things that hurt, that people care about. >> the deal with the sequester cuts was half out of defense, half out of discretionary spending. that's where entitlement reform stands. there are ways to cut what the president calls accurately bending the long term cost curve. you're not cutting costs in a way that can reduce economic growth immediately, but you reduce the long term
maybe there's a chance to get our deficit and debt in line. the downside, we're going to be playing with fire again walking right up by the edge of the cliff. >> the tax rate and how much you tax, that was actually never really a grand bargain kind of discussion. that was oh, guys, you say 3, we say 4, whatever. the real challenge is all of the low hanging fruit for cutting spending is gone. you know, mitt romney talked about big bird and pbs during the debate and people laughed. it...
198
198
Dec 31, 2012
12/12
by
CSPAN
tv
eye 198
favorite 0
quote 0
makes the deficit worse. the real test will been when they can do their jobs and make the hard choices and confront very dangerous debt levels that we currently have in this country that are part of the reason the economy is not growing. it's those hard choices that will be the real test of bipartisanship and the ability to govern. host: let's share with you yesterday how things unfolded. senator john thune spoke with reporters midday yesterday on capitol hill. [video clip] >> those conversations and discussions continue. we remain hopeful that will get a breakthrough. what happened between the two leaders in the senate had broken down, because the senate democrats failed to come forward with a counteroffer to the proposal republicans made last night. host: a late word from "politico" from republican leader mitch mcconnell. let me read to you a story that he and the vice president engaged in "serious overnight negotiations to avert the fiscal cliff, making major progress to a year-end tax deal, giving seven h
makes the deficit worse. the real test will been when they can do their jobs and make the hard choices and confront very dangerous debt levels that we currently have in this country that are part of the reason the economy is not growing. it's those hard choices that will be the real test of bipartisanship and the ability to govern. host: let's share with you yesterday how things unfolded. senator john thune spoke with reporters midday yesterday on capitol hill. [video clip] >> those...
109
109
Jan 1, 2013
01/13
by
CNNW
tv
eye 109
favorite 0
quote 0
we're doing things to embrace the deficit and the debt. slowly but we're doing it. >> the problem not having a budget really is fundamentally a problem. the government does all sorts of things, passes all sorts of resolutions whether you like this country or don't like that one, but the basic constitutional responsibility of the government is actually to have a budget. and a budget is the manifestation of your priorities generally speaking. that's the one thing that would just be great if we actually did. >> here we are where we're trying to sit down with our budgets and figure out what our priorities for the year, how are we going to live a little bit below our means so we can grow wealth and our government can't figure out a budget. >> i'd like it if they did that. >> my advice is deal with your own financials. >> good luck with that. one down, one to go. will the house go along with the fiscal cliff deal hammered out by the white house and the senate earlier this morning? we're going to have a live report from washington just ahead. >>
we're doing things to embrace the deficit and the debt. slowly but we're doing it. >> the problem not having a budget really is fundamentally a problem. the government does all sorts of things, passes all sorts of resolutions whether you like this country or don't like that one, but the basic constitutional responsibility of the government is actually to have a budget. and a budget is the manifestation of your priorities generally speaking. that's the one thing that would just be great if...
221
221
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 221
favorite 0
quote 0
. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone, and you hear that sometimes coming from them, sort of after today we're just going to try to shove only spending cuts down -- well, shove spending -- [ laughter ] shove spending cuts at us. if they think that's the formula for how we're going to solve this thing, then they've got another thing coming. >> i wanted to bring in democratic congressman john larson of connecticut with us from capitol hill. thanks for coming in. >> happy to be here. >> i want to talk spending in a moment but, first, what's your reaction to the parameters of a tax deal, a hike on incomes more than $400,000 for individuals, $450,000 for couples. your tlauts houghts on what we o far. >> we really don't know that much. we haven't seen anything in the house of representatives. i just heard luke russert say, you know, the ink isn't dry on any agreement yet. so while we're hopeful that there is an agreement that can be reached and have been prodding our colleagues to do so, things could implode rather easily, as w
. >> if republicans think that i will finish the job of deficit reduction through spending cuts alone, and you hear that sometimes coming from them, sort of after today we're just going to try to shove only spending cuts down -- well, shove spending -- [ laughter ] shove spending cuts at us. if they think that's the formula for how we're going to solve this thing, then they've got another thing coming. >> i wanted to bring in democratic congressman john larson of connecticut with us...